David Weekley Homes Joins New Home Consortium.Business Editors & High-Tech/Building & Construction Writers AUSTIN, Texas--(BUSINESS WIRE)--Feb. 8, 2001 Builder Homesite Inc. Premier List of Consortium Members Include Beazer, Centex, Lennar, KB Home, Toll Brothers, M.D.C. Holdings, Pulte, D.R. Horton, Ryland and Hovnanian Builder Homesite Inc., founded by ten of the premier US homebuilders to develop Web-based solutions for the homebuilding marketplace, announced today that David Weekley Homes, ranked 26th by the 2000 Builder 100 and listed as a Forbes magazine top 500 private company, signed as the eleventh consortium member. Builder Homesite's products are being designed to provide consortium members with the benefits of new sources of revenue, open and un-biased distribution channels that promotes each builder member fairly, reductions in technology cost with the centralization of best practices in the industry and improved customer satisfaction. Additionally, the power of the consortium strengthens the industry for partnerships and revenue sharing revenue sharing Funding arrangement in which one government unit grants a portion of its tax income to another government unit. For example, provinces or states may share revenue with local governments, or national governments may share revenue with provinces or states. opportunities. Industry-sponsored marketplaces are leading the way into the new cyber frontier, according to a recent study by Jupiter Research. Currently, the homebuilder industry has been viewed as a $230 billion market in the United States. Consumer demand for technology during the homeownership process is evident in research studies that show that 62% of all new homebuyers already use the Internet for a source of information and service. Other research has revealed that over 85% of consumers will use or plan to use the Internet to shop for homes in the next two years. "David Weekley Homes is a great addition to the Builder Homesite consortium that continues to grow," said Tim Costello, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Builder Homesite. "We're thrilled they've joined and are already collaborating on our vision to develop tools, products, and consumer facing Internet sites along the entire new home lifecycle." "We are excited to come together with other major builders in our industry to establish and control our own Internet portal," said David Weekley, Chairman of David Weekley Homes. Builder Homesite Inc. is backed, endorsed, and driven by a consortium of the nation's premier homebuilders and focused on improving the home selection, buying, and ownership experience through the use of online technologies. About David Weekley Homes David Weekley Homes, founded in 1976, builds in 14 cities from Colorado to the Carolinas and is the second largest privately held builder in America. The company was named one of the Top 100 Companies to work for in Fortune Magazine in 1999 and 2000, and have received the following awards: National Builder of the Year, America's Best Builder, and the National Housing Quality Award. About Builder Homesite Founded in the spring of 2000, Builder Homesite is funded by the following top national builders; Centex Corporation (NYSE NYSE See: New York Stock Exchange :CTX CTX Context (Management; Tandem) CTX Centex Corporation (stock symbol) CTX Centrex CTX Cyclophosphamide CTX Corporate Trade Exchange CTX Cytoxan CTX Cholera Toxin CTX Clinical Trial Exemption ), David Weekley Homes, D.R. Horton Inc. (NYSE:DHI DHI see dairy herd improvement. ), Kaufman and Broad Home Corporation (NYSE:KBH KBH København (Danish: Copenhagen) KBH Katonai Biztonsági Hivatal (Military Security Office, Hungary; since 1989) KBH Kicked By Horse KBH Ka'anpali Beach Hotel (Maui, HI) ), Lennar Corporation (NYSE:LEN (Low Entry Networking) In SNA, peer-to-peer connectivity between adjacent Type 2.1 nodes, such as PCs, workstations and minicomputers. LU 6.2 sessions are supported across LEN connections. ), Pulte Corporation (NYSE:PHM), Beazer USA, Inc. (NYSE:BZH BZH Breizh (French Brittany) BZH Big Zen Hugs ), Hovnanian Enterprises Inc. (ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. :HOV), M.D.C. Holdings (NYSE:MDC (1) (Mobile Daughter Card) See riser card. (2) See Meta Data Coalition. ), The Ryland Group Inc. (NYSE:RYL), and Toll Brothers (NYSE:TOL). Builder Homesite will serve the interests of new-home builders by providing products, tools and services that make finding, owning and living in a new home easier, simpler, and more convenient. The company is headquartered in Austin, Texas. |
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